Warren Buffet's mantra - 'Buy when no one else is'. So, why aren't you?

baileysbattlebus

Hasn't Warren Buffet advised people to invest in mattresses - they're the safest place to keep your money

Entertainer

He was talking about shares. They are by definition more liquid so much of the bad news has already been priced in. Wall Street has fallen 50% in sixteen months. Property is far less liquid which is why it will take longer to reach the bottom.

Conrad

My thread from March compelling uber bears to buy.

Who took my 'Buffettesque' advice?

Thrugelmir

Conrad wrote: »

My thread from March compelling uber bears to buy.

Who took my 'Buffettesque' advice?

Have never stopped buying. Though changed switched % allocation from last November onwards, progressively towards high yield equity / corporate bond funds and reduce investment into smaller company / private equity funds.

Davesnave

Conrad wrote: »

My thread from March compelling uber bears to buy.

Who took my 'Buffettesque' advice?

Well I have bought, but not because you, or anyone else, told me to. Sorry!

I bought because I saw something that met my needs in an area I liked and at a price that is well inside my budget; in fact it's cheaper than the one I sold. Hopefully, I can now get on with my life.

Frankly, if this place hadn't happened along, I'd have been happy to hang on for another 6 months, or more. There would have been no point in buying something only half-right, regardless of where the market might be.

People on here talk as if the market is everything, but it's far more complex than that. We aren't discussing gold or commodities, but something that ought to work at functional and emotional levels too. For a FTB I realise that some of the fine detail may have to be glossed -over, but the majority of us just can't go out and buy, if there's nothing we want.

Although there's a lot on the market, much of it has been there some time and is overpriced or dross.

lostinrates

Conrad wrote: »

My thread from March compelling uber bears to buy.

Who took my 'Buffettesque' advice?

Have you, yet?

Depressingly, I'm in exactly the same position I was in when I last posted. apart form there have been a small flurry of things outside my this year budget, but substantially lower than my next year budget. I'm in much the situation Davesnave was with a property search. Oh well, perhaps my spring nesting season is waning: I'm moving from tantrums at the suitcases back to que sera sera. Its to hot too be moving anyway.:D

Really2

Conrad wrote: »

My thread from March compelling uber bears to buy.

Who took my 'Buffettesque' advice?

I did just 9 months+ before you posted it.

As the above poster said, down to personal circumstance and opportunity. not because someone told me to do so.

Conrad

Thrugelmir wrote: »

Have never stopped buying. Though changed switched % allocation from last November onwards, progressively towards high yield equity / corporate bond funds and reduce investment into smaller company / private equity funds.

Do you know of a very low charge product, probably non managed, which tracks say the FTSE 250? I'm obsessive about charges and nothing I've seen convinces me a fund manager brings any particular value to the party, but from which he and is entourage will take a bit cut in fees.

a_rather_tall_man

Conrad wrote: »

Do you know of a very low charge product, probably non managed, which tracks say the FTSE 250? I'm obsessive about charges and nothing I've seen convinces me a fund manager brings any particular value to the party, but from which he and is entourage will take a bit cut in fees.

I think there is an ETF from ishares which covers the FTSE250

Cannon_Fodder

Did Buffet ever say something to the effect of "Sell before the next big thing hits..." ?

http://www.reuters.com/article/businessNews/idUSTRE55127J20090602?feedType=RSS&feedName=businessNews

"Abu Dhabi sold more than 11 percent of Barclays, making $2.5 billion from an investment that helped the British bank through the financial crisis and raising fears more may cash in on a recent rally in bank shares."

A 15% hit on Barclays today...simple, sensible profit taking, or an astute move before the second (or is it third) wave...?